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News Release from Comptroller Susan Combs

For Immediate Release
February 8, 2011

Comptroller Combs Echoes Governor Perry's Position
on Economic Development, State's Strength

(AUSTIN) –Texas Comptroller Susan Combs supports Governor Rick Perry who today championed Texas’ strong economy and economic development efforts in his biennial State of the State address.

“The Texas economy — the world’s 11th-largest — continues to fare better than those of many other states,” Combs said. “Our economic strength is a direct result of prudent fiscal policies and conservative leadership in the past decade and earlier.”

In December, Texas topped the list of only 15 states that added jobs, according to the U.S. Department of Labor.

“Texas’ position remains strong in spite of national economic slowdowns,” Combs said. “With sound policies and an eye toward future opportunities, our state will no doubt lead the way out of the recession.”

Like Gov. Perry, Combs considers the Texas Enterprise Fund and the Emerging Technology Fund essential tools for spurring state job growth. Combs agrees these two sources of business capital should be fully funded. And Combs agrees wholeheartedly with the Governor’s call to remove obstacles to economic growth.

“We need to be sure government policies do not discourage private sector initiative, but instead foster economic growth through a rational regulatory climate and a welcome mat for businesses to thrive and expand, “ Combs said. “Clearly, it is the private sector and the entrepreneurial spirit that drives all sound economies, and Texas and its leaders know that very well.”

Combs applauded the Governor’s call for new initiatives to encourage young Texans to graduate from high school or obtain GEDs and to obtain the skills needed for in-demand jobs.

Combs is already in the lead on Gov. Perry’s call to control spending by streamlining government, eliminating duplication and changing the way services are delivered.

In the last several years, Combs has worked to make the Comptroller’s office more efficient. In addition to spending cuts sought by legislative leadership, Combs’ agency has engaged in procurement efforts that have resulted in savings for Texas state government.

“Taxpayers and citizens want and expect value for their money and ways for government to perform its essential services within available resources,” Combs said.

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